With investment banks building their teams and boutique players growing, it is golden time to be an equity analyst.
Alexandra White, from search firm Advance Search and Selection, believes there is strong demand for equity analysts on both the buy- and sellsides.
Associates with at least three years experience are highly sought currently. Candidates with industry specific knowledge are also being recruited for roles in the banks.
White says base salaries are in the order of $100,000 for associates. Bonuses are also a major component of the package, but are highly dependent on individual firms. Bonuses have been strong recently, which is reflective of the current environment.
Necessary skills include exceptional financial analysis and modelling skills, an understanding of financial markets and macroeconomics, as well as strong communication skills.
Recruiting currently are the large investment banks, boutique advisories, funds managers, and private equity firms. UBS and Macquarie Bank are looking for analysts in the investment banking space with other investment banks likely to be building their teams.